Posted by glennster on August 20, 2007 at 13:09:25 from (76.223.250.60):
In Reply to: buying land posted by randy47 on August 20, 2007 at 12:56:34:
i am not familiar with your land prices up there, but at 1600 an acre thats pretty cheap. real estate for the most part has gone stagnent, its a buyers market. it will recover when interest rates drop some. if the property is behind your house, and you can afford it, i'd buy it., its gonna basically be a car payment on a new car. if you cash rent the property, you will get a little income off it, keep it under ag zoning. if you dont buy it, you may get a subdivision there, wal mart , walgreens, menards ...who knows.
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